International Commercial Credit Cards: Market Review and Forecast, 2022-2027

As business travel globally continues to recover from the COVID-19 pandemic, resulting in some shifts in emphasis by companies, the corporate card remains the workhorse from a global perspective, with a range of use cases, including travel and expense and procurement. Meanwhile, virtual cards are emerging as a strong product for growth, and the rise of instant payments could cut into card volumes.

This annual Javelin Strategy & Research report examines the international commercial card market from a regional perspective. This report covers Western Europe, Asia Pacific, Latin America and the Caribbean, and Central and Eastern Europe. This regional perspective is developed based on available data and is not exhaustive of all countries globally. We exclude fleet/fuel cards and small-business cards from our analysis, focusing solely on mid-size to large-market corporates.

Key questions discussed in this report:

• What are the international trends and forecasts for commercial credit card spending?
• How has business travel affected commercial credit cards?
• What innovations are affecting the commercial credit card industry?

Companies Mentioned:

American Express, BBVA, Bill, Brex, Chase, Citibank, Clara, CoDi, Conferma Pay, DiMo, DuitNow, EPI, European Central Bank, Global Business Travel Association, iDeal, International Monetary Fund, Jeeves, Mastercard, Mesh, National Bank of Cambodia, Navan, OCBC Bank Singapore, Payconiq, PayNet, Pleo, Ramp, Santander, SAP, UnionPay, Visa